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WBTC: A year in review

Quick Take

  • Wrapped Bitcoin (WBTC), an Ethereum-based token pegged to Bitcoin, has failed to see significant momentum over the past 12 months. 
  • WBTC’s lack of traction within money-market Compound may bode ill for alternative ‘Bitcoin-on-Ethereum’ implementations, which many believe will see adoption as a collateral type for the MakerDAO credit facility. 

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